What Exactly Is Neoliberalism, and Is It a Bad Thing?
La verità, vi prego, sul neo-liberismo: Il poco che c'è, il tanto che manca (The truth, please, on neoliberalism)by Alberto MingardiMarsilio, 2019333 pages There are few things nowadays that ignite more hatred, especially within university campuses, than declaring oneself to be
Biden’s New Budget Plan Means Trump-Era Mega Spending Will Continue
The reality of federal spending under Donald Trump did much to put to rest the obviously wrong and long-disproved notion that Republicans are the political party of “fiscal responsibility.” With George W. Bush and Ronald Reagan, it was pretty much
7 Observations on the Humane Nature of Capitalism
“You are hitting the nail with too many hammers.” I can still remember Bob Clower, my dissertation chairman at the time, saying that to me after reading my most recent work. It was directed at the fact that I had
The Tyranny of the “Enlightened” Experts
Of course, scientists were never supposed to run our society. The technocrat class cannot possess all of the knowledge necessary to effectively run the lives of 330 million Americans. But that will not stop them from trying. Original Article: "The Tyranny
The “Mind Viruses” Creating Social Justice Warriors
The mental viruses Saad has in mind are to a large extent those that deny that human beings have a biological nature: “Many idea pathogens share one common thread, a deep desire to liberate people from the shackles of reality.” Original
Robots Won’t Destroy Us: How Automation Creates Jobs
One argument against the idea of technological unemployment, offered by many people who today sincerely style themselves as leading defenders of the free market, goes that automation will create more jobs than it destroys but due to the nature of
The 200th Anniversary of a Great American Demolition of Tyranny
This year is the 200th anniversary of the publication of one of the best American books on trade policy by one of the most thoughtful and least appreciated political analysts of the Founding Fathers era. I ran into John Taylor of
Marx, Abstract Labor, and Absurdity
Many readers will be familiar with Robert Paul Wolff’s In Defense of Anarchism, a brilliant criticism of the state’s authority that arrives at conclusions similar to those of Lysander Spooner. Wolff is probably best known for his work on Kant,
Big Debt Plus Rising Interest Rates = Big Danger
"Because there's so much debt today relative to 10, 15 years ago, a small debt, a small move in yields, 50 basis points in yields today is equivalent to 2% 15 years ago." Original Article: "Big Debt Plus Rising Interest Rates
UBI and the Road to Serfdom
Not only could the state use the UBI as an instrument of social control; we have every reason to think those in charge of the state would exercise their power for bad motives. Original Article: "UBI and the Road to Serfdom" This